June 2, 2017 / 3:28 PM / 6 months ago

BRIEF-Air Canada reprices $1.1 bln credit facility

June 2 (Reuters) - Air Canada:

* Reprices U.S.$1.1 billion credit facility

* Has completed repricing of its U.S.$1.1 billion senior secured credit facility, reducing interest rate by 50 basis points​

* Credit facility is comprised of $800 million term loan maturing in 2023, and $300 million revolving credit facility (undrawn) expiring in 2021

* Expect to realize annualized interest expense savings of more than c$5 million over remaining life of term loan​ Source text for Eikon: Further company coverage:

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